BEIJING | Asian stock markets sink after Wall Street rally fades
BEIJING — Asian stock markets fell Friday after a post-election Wall Street rally faded amid expectations of U.S. interest rate hikes despite the Federal Reserve’s decision to hold off this week.
KEEPING SCORE: The Shanghai Composite Index lost 0.8 percent to 2,614.37 and Tokyo’s Nikkei 225 retreated 0.7 percent to 22,338.26. Hong Kong’s Hang Seng lost 1.8 percent to 25,753.23 and Sydney’s S&P-ASX 200 shed 0.4 percent to 5,903.20. Seoul’s Kospi gave up 0.2 percent to 2,088.13 and benchmarks in New Zealand, Taiwan and Southeast Asia also declined.